Volvo Cars Reaches Key Battery Deal With LG Chem And CATL Of China

[ARTICLE: FORBES.COM
- IMAGE: FORBES.COM]

"The Swedish automaker, which will soon introduce its first all-electric model, the XC40 SUV, wants EVs to account for half its global sales by 2025. In a more ambitious goal the company also expects profit margins from battery-powered vehicles to equal those of its traditional internal combustion engine vehicles." READ MORE!

"Swedish luxury carmaker Polestar, which is jointly owned by Volvo Cars and its Chinese parent Geely, is setting up an R&D center in Britain to develop future passenger cars, it said on Wednesday." READ MORE!